The ideal investment percentage in cryptocurrencies.

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Anon9001
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The ideal investment percentage in cryptocurrencies.

Post by Anon9001 »

I read articles like this:https://www.vox.com/future-perfect/2019 ... ro-bitcoin

and I get very excited about cryptocurrencies and I think it could replace Gold. Still the volatilty is too much. I invest only 1% of my money in them. Is this too much?
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Re: The ideal investment percentage in cryptocurrencies.

Post by Valuethinker »

Anon9001 wrote: Mon Mar 09, 2020 2:08 pm I read articles like this:https://www.vox.com/future-perfect/2019 ... ro-bitcoin

and I get very excited about cryptocurrencies and I think it could replace Gold. Still the volatilty is too much. I invest only 1% of my money in them. Is this too much?
If it drops 50% will you double up to get back to 1%?

If it doubles will you sell down to 1%?

Those are the questions you should be asking yourself - with any highly volatile "asset".

My own view is that as there is no inherent source of cash flow in the "investment" it is simply a play on the greed of others (there is a marginal utility use for illegal activities, evading currency restrictions etc.). So it's not a meaningful investment and should not form part of a portfolio. Also since it is net economically destructive, taking valuable inputs of electricity and in essence wasting them, it has a negative social value.

A colleague of mine sold half a bitcoin for a hat, in the early days. Quite an expensive hat, as it proved.
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Re: The ideal investment percentage in cryptocurrencies.

Post by David Jay »

The ideal percentage is zero. Bitcoin does not belong in an investment portfolio.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Anon9001 »

Valuethinker wrote: Mon Mar 09, 2020 2:19 pm
Anon9001 wrote: Mon Mar 09, 2020 2:08 pm I read articles like this:https://www.vox.com/future-perfect/2019 ... ro-bitcoin

and I get very excited about cryptocurrencies and I think it could replace Gold. Still the volatilty is too much. I invest only 1% of my money in them. Is this too much?
If it drops 50% will you double up to get back to 1%?

If it doubles will you sell down to 1%?

Those are the questions you should be asking yourself - with any highly volatile "asset".

My own view is that as there is no inherent source of cash flow in the "investment" it is simply a play on the greed of others (there is a marginal utility use for illegal activities, evading currency restrictions etc.). So it's not a meaningful investment and should not form part of a portfolio. Also since it is net economically destructive, taking valuable inputs of electricity and in essence wasting them, it has a negative social value.

A colleague of mine sold half a bitcoin for a hat, in the early days. Quite an expensive hat, as it proved.
That is true although you could say the same things about Gold with Gold Mining being extremely destructive to environment yet Gold still has value above 0. I consider it a part of my Gold allocation due to this reason. If it drops 50% I will rebalance up to 1℅. If it gains higher than 1% I will allow it more leeway up to 5% to get benefits of positive momentum but if it exceeds 5% it is back to 1%.
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Re: The ideal investment percentage in cryptocurrencies.

Post by surfstar »

David Jay wrote: Mon Mar 09, 2020 2:30 pm The ideal percentage is zero. Bitcoin does not belong in an investment portfolio.
Agreed.

and it coincides with the OP: "it could replace Gold"

both $0 in our portfolio.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Anon9001 »

I view it as a risk asset like Gold but with much higher upside potential due to the much lower market cap compared to Gold and fixed supply unlike Gold. Time will tell whether it ends up replacing Gold.
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Re: The ideal investment percentage in cryptocurrencies.

Post by David Jay »

Anon9001 wrote: Mon Mar 09, 2020 2:44 pmTime will tell whether it ends up replacing Gold.
I just have to ask - How old are you?
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Re: The ideal investment percentage in cryptocurrencies.

Post by patrick »

You could start by looking at the market weight.

The total market cap of cryptocurrencies (according to https://coinmarketcap.com/) is about 0.225 trillion dollars. The total float adjusted market cap of equities (starting with https://research.ftserussell.com/Analyt ... nual=false and adjusting downward by 8.5% based on the market drop of the VT total world stock ETF) is about 47.3 trillion dollars.

This works out to cryptocurrencies having slightly less than 0.5% of the market cap of stocks. So if you are following market weight, you'd have about 0.5% as much in cryptocurrencies as you have in stocks.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Godot »

Anon9001 wrote: Mon Mar 09, 2020 2:08 pm I read articles like this:https://www.vox.com/future-perfect/2019 ... ro-bitcoin

and I get very excited about cryptocurrencies and I think it could replace Gold. Still the volatilty is too much. I invest only 1% of my money in them. Is this too much?
Gold is useless, but bitcoin is forever. Go 80-90% and please report back after holding for a year.
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Re: The ideal investment percentage in cryptocurrencies.

Post by asset_chaos »

You, of course, will have to own a portfolio that is likely to meet your needs and that you can stick with. My answer to the question, What is the ideal investment percentage in cryptocurrencies?, is zero. And that's the weighting I assign such things in my portfolio.

I also think anything you plan to weight below about 10% is probably not a useful thing to do. That's just because such small things will have almost no effect on your investing outcome, yet they will complicate your investing life. Regardless of any putative merits, if the case wasn't compelling enough to make me carve out 10%, I just wouldn't bother. I'd prefer a simpler portfolio.
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Re: The ideal investment percentage in cryptocurrencies.

Post by beehivehave »

No doubt, cryptocurrencies are the new gold. Except worse, because gold is a commodity.
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Re: The ideal investment percentage in cryptocurrencies.

Post by glorat »

One key difference between crypto and gold is that people say things like
I get very excited about cryptocurrencies
whereas gold is generally treated as a more boring safe haven.

If I was looking for a safe haven, I'd definitely want to choose one where the sentiment is based on boredom than on excitement
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Re: The ideal investment percentage in cryptocurrencies.

Post by DesertGator »

0%. At least with gold you can make pretty jewelry.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Anon9001 »

David Jay wrote: Mon Mar 09, 2020 3:18 pm
Anon9001 wrote: Mon Mar 09, 2020 2:44 pmTime will tell whether it ends up replacing Gold.
I just have to ask - How old are you?
Very young at 21 years of age. I saw many things change during my short period of life here. When I was born Internet was restricted to wealthy Westerners who had a computer and now I see villagers in rural India using Internet in their smartphones. The smartphones were very primitive when I was born compared to now. Don't under-estimate change.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Valuethinker »

Anon9001 wrote: Tue Mar 10, 2020 2:27 am
David Jay wrote: Mon Mar 09, 2020 3:18 pm
Anon9001 wrote: Mon Mar 09, 2020 2:44 pmTime will tell whether it ends up replacing Gold.
I just have to ask - How old are you?
Very young at 21 years of age. I saw many things change during my short period of life here. When I was born Internet was restricted to wealthy Westerners who had a computer and now I see villagers in rural India using Internet in their smartphones. The smartphones were very primitive when I was born compared to now. Don't under-estimate change.
New is not necessarily better, nor longer lasting.

Many of us are veterans of the dot com boom & bust. Still carrying the battle scars.

There's always a new new bubble. Australian diamond mines (in the 1970s). Oil & gas shares (early 1980s).
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Re: The ideal investment percentage in cryptocurrencies.

Post by Nicolas Perrault »

I have already shifted all of my gold (0%) into bitcoin (0%).
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Re: The ideal investment percentage in cryptocurrencies.

Post by Schlabba »

0 % .
Secretly a dividend investor. Feel free to ask why.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Sandtrap »

What is the ideal investment percentage of cryptocurrencies?

There is no wiggle room here concerning cyrptocurrency as an ideal investment.
(it's in the question)

That said:

1. How much of one's savings are you willing to invest and willing to lose in crypto?
(You have $5000 saved up and it took forever to do that. You are willing to bet $2000 on crypto?)

2. You have a friend who made $2100 on crypto when it rose in price years ago, he invested very early. Do you think that crypto will rise as it did in the past? Why?

3. Can you increase your chances of success by connecting a legal business venture that uses crypto exchange to your investment?

4. Crypto currencies are volatile in general, but some are more volatile than others, some more durable than others. Do you have a "business plan" or strategy for this?

5. Do you have a deep understanding of crypto currencies?
(always know your investments)

6. Crypto investment/speculation is attractive to many with very little money saved, very little money per day earned, and strongly willing to gamble to increase that money saved. The higher the motivation in this scenario, the greater the willingness to "bet the farm". Everyone's different.

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Re: The ideal investment percentage in cryptocurrencies.

Post by LadyGeek »

This thread is now in the Investing - Theory, News & General forum (general question, global application - not just non-US investors).
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Re: The ideal investment percentage in cryptocurrencies.

Post by bligh »

Anon9001 wrote: Mon Mar 09, 2020 2:08 pm
.. I get very excited about cryptocurrencies and I think it could replace Gold. Still the volatilty is too much. I invest only 1% of my money in them. Is this too much?
Yes
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Re: The ideal investment percentage in cryptocurrencies.

Post by Broken Man 1999 »

How is bitcoin doing recently? Did investors rush into it like they did treasuries?

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Re: The ideal investment percentage in cryptocurrencies.

Post by randomguy »

Anon9001 wrote: Tue Mar 10, 2020 2:27 am
David Jay wrote: Mon Mar 09, 2020 3:18 pm
Anon9001 wrote: Mon Mar 09, 2020 2:44 pmTime will tell whether it ends up replacing Gold.
I just have to ask - How old are you?
Very young at 21 years of age. I saw many things change during my short period of life here. When I was born Internet was restricted to wealthy Westerners who had a computer and now I see villagers in rural India using Internet in their smartphones. The smartphones were very primitive when I was born compared to now. Don't under-estimate change.
As someone a bit older, don't over estimate change. It often takes much longer than expected and the way it works can be unexpected. Lets say you are right and crypto's pay off. Is buying bitcoin a good investment? Who knows. There were tons of dot.com companies with good ideas (see WebVan) that were later very succcesful (i.e. every grocery store near me does delivery) that went bankrupt. It could very well turn out the the current currency are missing on of the keys to being practical and they all go to 0. Or maybe they take over and go up 10x. Everyone will make their guesses. Someone will be right.
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Re: The ideal investment percentage in cryptocurrencies.

Post by L82GAME »

0%. This is a purely speculative enterprise involving dubious uses.
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Re: The ideal investment percentage in cryptocurrencies.

Post by mptfan »

Anon9001 wrote: Mon Mar 09, 2020 2:08 pmI invest only 1% of my money in them. Is this too much?
Yes, I think the ideal percentage is zero.
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Re: The ideal investment percentage in cryptocurrencies.

Post by firebirdparts »

Bitcoin is simply and obviously just a collectible, like gold is. You can collect as much as you want, but don’t let yourself believe anything dumb. A lot of us here would limit collectibles to a small percentage because they don’t produce. You can wear gold but let’s ignore that. It doesn’t produce much. These are the fundamentals. I like fundamentals.

If somebody tells you anything other than “it’s just a collectible” then don’t listen.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Dottie57 »

David Jay wrote: Mon Mar 09, 2020 2:30 pm The ideal percentage is zero. Bitcoin does not belong in an investment portfolio.
+1
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Re: The ideal investment percentage in cryptocurrencies.

Post by Watty »

Anon9001 wrote: Tue Mar 10, 2020 2:27 am
David Jay wrote: Mon Mar 09, 2020 3:18 pm
Anon9001 wrote: Mon Mar 09, 2020 2:44 pmTime will tell whether it ends up replacing Gold.
I just have to ask - How old are you?
Very young at 21 years of age. I saw many things change during my short period of life here. When I was born Internet was restricted to wealthy Westerners who had a computer and now I see villagers in rural India using Internet in their smartphones. The smartphones were very primitive when I was born compared to now. Don't under-estimate change.
I do not mean this to be derogatory towards you but in investing there is a "Greater Fool" theory.

https://en.wikipedia.org/wiki/Greater_fool_theory

Which is basically expecting an investment to go up without regard to its intrinsic value just because there will be someone even more foolish that will be willing to buy it for a higher price.

If you are going to buy some speculative investment one thing to do is to try to figure out who will be willing to pay more for it someday. Once something like bitcoin is being bought by people in rural India there may not be a lot of people left in the world who have not heard about bitcoin that you can sell your bitcoin to in the future.

Be very careful.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Ramjet »

Bitcoin is a speculative side bet, and there is nothing wrong with that

Remove it from your AA
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Re: The ideal investment percentage in cryptocurrencies.

Post by Raymond »

If people in rural India (or rural anywhere) start buying cryptocurrencies on their smart phones, can we treat that as the modern equivalent of the story about Joseph Kennedy's stock-tip-giving shoeshine boy?

I have 0.00% in cryptocurrency, but the OP can do as he wishes.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Darth Xanadu »

Anon9001 wrote: Mon Mar 09, 2020 2:44 pm I view it as a risk asset like Gold but with much higher upside potential due to the much lower market cap compared to Gold and fixed supply unlike Gold. Time will tell whether it ends up replacing Gold.
Isn't gold supply also fixed?
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Re: The ideal investment percentage in cryptocurrencies.

Post by Forester »

The proportion of Bitcoin used for Commerce/Barter vs Speculation is surely miniscule. I do regret not buying any when I heard of it on alternative media outlets in 2011. In reality I would have sold out at $100, felt very clever, then witness it hit $20k!
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Re: The ideal investment percentage in cryptocurrencies.

Post by Nate79 »

Zero. The same as its use case.
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Re: The ideal investment percentage in cryptocurrencies.

Post by columbia »

If you choose to buy, you probably shouldn’t consider it to be a part of your portfolio.

It’s not an investment, it’s naked speculation.
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Re: The ideal investment percentage in cryptocurrencies.

Post by nisiprius »

There's no objective answer to your question. One of the annoying human propensities--in the forum and elsewhere--is to assume that there is an objectively correct answer to a pure matter of taste, and that one's personal tastes are the objectively correct answer and everybody else should follow them, too.

You say "Still the volatility is too much." Too much for what? The only answer can be, "too much for me."

So, am I correct? You are talking about investing 1% of your money in something whose volatility is too much for you. And you are worried enough about it that you are asking strangers on the Internet about it.

Let me ask you this question. Suppose you know someone who enjoys casino gambling. How much should they gamble? Is 1% too much? The only right answer is that they need to balance the cost of gambling against the pleasure they get from it... and they must not gamble so much that a heavy loss would cause a wrenching change in their lives.

A common piece of advice, which I don't happen to agree with*, can be found in many place including John C. Bogle's writing. The advice is that if you can't resist some piece of speculative investing, possibly through fear of missing out, you should limit it to 5% of your portfolio. The only reasoning I know for 5% is that common sense suggests that most people can afford the loss of that much.

But "5% limit" is frequent conventional advice, and, if a "5% limit" is often thought to be OK, then 1% doesn't sound crazy.

Warning: the true danger will come if you experience marvelous gains (on paper), and you do not sell and realize them (because of fear of missing out on more marvelous gains), and you start to put more in because you tested the waters and nothing bad happened. The danger comes when you score a big success and think you've found the key to a magic sure-thing money machine.

The point is, you just need to take full responsibility for your financial actions. Only you know how you value and balance the pain of losing 1% of your money versus the pain of missing out on wonderful gains in something you believed in.

*The reason why I don't personally like that advice is that I don't think I'm going too far when I say "gambling is addictive." Possibly not for everybody. I think there is danger in trying addictive things and believing that you cannot become addictive. Another problem is that I have never seen anybody who talks about "5% fun money" discuss what the investor actually does if they lose it. If the reasoning is that everyone can afford to lose 5% of their portfolio, that assumes that a person who does will stop there and never speculate again. I think that goes against human nature. It's actually more likely that person who loses the whole 5% will immediately make a second bet of more than 5% in hope of recouping; or, at best, stop, lick their wounds, wait a while for the pain to subside, and try again with a second 5%.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Anon9001 »

Darth Xanadu wrote: Tue Mar 10, 2020 3:20 pm
Anon9001 wrote: Mon Mar 09, 2020 2:44 pm I view it as a risk asset like Gold but with much higher upside potential due to the much lower market cap compared to Gold and fixed supply unlike Gold. Time will tell whether it ends up replacing Gold.
Isn't gold supply also fixed?
Fixed by who? The gold supply is rare yes but more can be dug up if demand is there for it. By contrast Bitcoin is only 21 million. Yes there are competing cryptos to it but they are all [Deleted -- mod oldcomputerguy].
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Re: The ideal investment percentage in cryptocurrencies.

Post by Darth Xanadu »

Anon9001 wrote: Wed Mar 11, 2020 7:15 am
Darth Xanadu wrote: Tue Mar 10, 2020 3:20 pm
Anon9001 wrote: Mon Mar 09, 2020 2:44 pm I view it as a risk asset like Gold but with much higher upside potential due to the much lower market cap compared to Gold and fixed supply unlike Gold. Time will tell whether it ends up replacing Gold.
Isn't gold supply also fixed?
Fixed by who? The gold supply is rare yes but more can be dug up if demand is there for it. By contrast Bitcoin is only 21 million. Yes there are competing cryptos to it but they are all [Deleted -- mod oldcomputerguy].
You are right, practically speaking. I was making a tongue-in-cheek comment that gold is finite.

Edit to add: I have $272 in Bitcoin. It is <1% of my net worth.
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Re: The ideal investment percentage in cryptocurrencies.

Post by ukbogler »

David Jay wrote: Mon Mar 09, 2020 2:30 pm The ideal percentage is zero. Bitcoin does not belong in an investment portfolio.
what Jay said.
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Re: The ideal investment percentage in cryptocurrencies.

Post by thx1138 »

Same as your allocation to tulip bulbs.
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Re: The ideal investment percentage in cryptocurrencies.

Post by David Jay »

thx1138 wrote: Wed Mar 11, 2020 9:55 am Same as your allocation to tulip bulbs.
I see what you did there...
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Re: The ideal investment percentage in cryptocurrencies.

Post by why_did_i_lay_down »

Anon9001 wrote: Mon Mar 09, 2020 2:08 pm I read articles like this:https://www.vox.com/future-perfect/2019 ... ro-bitcoin

and I get very excited about cryptocurrencies and I think it could replace Gold. Still the volatilty is too much. I invest only 1% of my money in them. Is this too much?
I will go against the crowd here and say "as much as you are willing to lose." For you that could be $1, $10, $100, $1000, or more. There is a non-zero risk that Bitcoin goes to $0. Are you okay with that?

I, too, am excited for the possibilities of what the crypto or crypto-like technology could bring to the world but as we've seen from the last few years, the technology is difficult to create/develop/research and true change (from a macro perspective) is a VERY long ways away.

As for me, I have a small allocation into the crypto space but I don't count it in my networth or future projections. Until I have the dollars in my bank account or Bitcoin rules the world I treat it all like a speculative asset worth nothing. I will say the astonishing volatility in the crypto markets has been good training for sticking to my IPS regarding my 401ks, IRAs, retirement accounts during the recent stock market volatility. A 19% drop in the total stock market feels like chump change after seeing several altcoins / bitcoin drop 30-50% in a couple of days.
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Re: The ideal investment percentage in cryptocurrencies.

Post by Anon9001 »

why_did_i_lay_down wrote: Wed Mar 11, 2020 11:20 am
Anon9001 wrote: Mon Mar 09, 2020 2:08 pm I read articles like this:https://www.vox.com/future-perfect/2019 ... ro-bitcoin

and I get very excited about cryptocurrencies and I think it could replace Gold. Still the volatilty is too much. I invest only 1% of my money in them. Is this too much?
I will go against the crowd here and say "as much as you are willing to lose." For you that could be $1, $10, $100, $1000, or more. There is a non-zero risk that Bitcoin goes to $0. Are you okay with that?

I, too, am excited for the possibilities of what the crypto or crypto-like technology could bring to the world but as we've seen from the last few years, the technology is difficult to create/develop/research and true change (from a macro perspective) is a VERY long ways away.

As for me, I have a small allocation into the crypto space but I don't count it in my networth or future projections. Until I have the dollars in my bank account or Bitcoin rules the world I treat it all like a speculative asset worth nothing. I will say the astonishing volatility in the crypto markets has been good training for sticking to my IPS regarding my 401ks, IRAs, retirement accounts during the recent stock market volatility. A 19% drop in the total stock market feels like chump change after seeing several altcoins / bitcoin drop 30-50% in a couple of days.
Yes I only have 1% of my money there. I do have warn you about the altcoins. Most of them are worthless. Especially XRP. Bitcoin I am most bullish on as I think it will replace Gold as a anti-faith asset in fiath currencies and central banking.
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Re: The ideal investment percentage in cryptocurrencies.

Post by why_did_i_lay_down »

Anon9001 wrote: Wed Mar 11, 2020 11:23 am
why_did_i_lay_down wrote: Wed Mar 11, 2020 11:20 am
Anon9001 wrote: Mon Mar 09, 2020 2:08 pm I read articles like this:https://www.vox.com/future-perfect/2019 ... ro-bitcoin

and I get very excited about cryptocurrencies and I think it could replace Gold. Still the volatilty is too much. I invest only 1% of my money in them. Is this too much?
I will go against the crowd here and say "as much as you are willing to lose." For you that could be $1, $10, $100, $1000, or more. There is a non-zero risk that Bitcoin goes to $0. Are you okay with that?

I, too, am excited for the possibilities of what the crypto or crypto-like technology could bring to the world but as we've seen from the last few years, the technology is difficult to create/develop/research and true change (from a macro perspective) is a VERY long ways away.

As for me, I have a small allocation into the crypto space but I don't count it in my networth or future projections. Until I have the dollars in my bank account or Bitcoin rules the world I treat it all like a speculative asset worth nothing. I will say the astonishing volatility in the crypto markets has been good training for sticking to my IPS regarding my 401ks, IRAs, retirement accounts during the recent stock market volatility. A 19% drop in the total stock market feels like chump change after seeing several altcoins / bitcoin drop 30-50% in a couple of days.
Yes I only have 1% of my money there. I do have warn you about the altcoins. Most of them are worthless. Especially XRP. Bitcoin I am most bullish on as I think it will replace Gold as a anti-faith asset in fiath currencies and central banking.
I totally agree with you on altcoins, most have no real use case and teams are trying to address things that aren't true problems (according to the market and how it reacts to them). Bitcoin or Ethereum are the only two I can think of half-way positively due to high research and development activities (DeFi for example), but even then I don't think they will ever replace Gold (maybe I'm wrong about that, who knows?).
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Re: The ideal investment percentage in cryptocurrencies.

Post by Anon9001 »

why_did_i_lay_down wrote: Wed Mar 11, 2020 11:29 am
Anon9001 wrote: Wed Mar 11, 2020 11:23 am
why_did_i_lay_down wrote: Wed Mar 11, 2020 11:20 am
Anon9001 wrote: Mon Mar 09, 2020 2:08 pm I read articles like this:https://www.vox.com/future-perfect/2019 ... ro-bitcoin

and I get very excited about cryptocurrencies and I think it could replace Gold. Still the volatilty is too much. I invest only 1% of my money in them. Is this too much?
I will go against the crowd here and say "as much as you are willing to lose." For you that could be $1, $10, $100, $1000, or more. There is a non-zero risk that Bitcoin goes to $0. Are you okay with that?

I, too, am excited for the possibilities of what the crypto or crypto-like technology could bring to the world but as we've seen from the last few years, the technology is difficult to create/develop/research and true change (from a macro perspective) is a VERY long ways away.

As for me, I have a small allocation into the crypto space but I don't count it in my networth or future projections. Until I have the dollars in my bank account or Bitcoin rules the world I treat it all like a speculative asset worth nothing. I will say the astonishing volatility in the crypto markets has been good training for sticking to my IPS regarding my 401ks, IRAs, retirement accounts during the recent stock market volatility. A 19% drop in the total stock market feels like chump change after seeing several altcoins / bitcoin drop 30-50% in a couple of days.
Yes I only have 1% of my money there. I do have warn you about the altcoins. Most of them are worthless. Especially XRP. Bitcoin I am most bullish on as I think it will replace Gold as a anti-faith asset in fiath currencies and central banking.
I totally agree with you on altcoins, most have no real use case and teams are trying to address things that aren't true problems (according to the market and how it reacts to them). Bitcoin or Ethereum are the only two I can think of half-way positively due to high research and development activities (DeFi for example), but even then I don't think they will ever replace Gold (maybe I'm wrong about that, who knows?).
Ethereum will never replace Gold due to it's unlimited supply. Bitcoin has a high chance of doing it though. It is far less confiscatable than Gold and much more easy to transfer money than Gold. Gold only has value still because of the meme about it being 7000 year store of value. The issue is change is rapid now. The internet as we did not exist 30 years ago yet we all are using it now even villagers in rural India. Why should I invest in Gold because it is gazillion years old due to this reason? Also the value is propped up by central banks holding Gold (Ironic?) and Indians,Chinese buying it. The big risk is Asteroid Mining making it completely worthless. If you are thinking of investing in Gold at least limit to 5% of your portfolio. The upside is much less than Bitcoin due it's larger market cap while it is as speculative as Bitcoin.
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